VTISX vs. VEXC

Last updated Jun 4, 2026

VTISX (Vanguard Total International Stock Index Fund Institutional Select Shares) and VEXC (Vanguard Emerging Markets Ex-China ETF) are both funds - VTISX is a Foreign Large Cap Equities fund tracking the FTSE Global All Cap ex US Index, while VEXC is a Emerging Markets Equities fund tracking the FTSE Emerging ex China Index. Both are passively managed. Their correlation of 0.88 suggests significant overlap in exposure. VTISX charges 0.04%/yr vs 0.07%/yr for VEXC.

Performance

VTISX vs. VEXC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Total International Stock Index Fund Institutional Select Shares (VTISX) and Vanguard Emerging Markets Ex-China ETF (VEXC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VTISX achieves a 15.42% return, which is significantly lower than VEXC's 20.21% return.

VTISX

• 1D: 0.61%
• 1M: 5.54%
• YTD: 15.42%
• 6M: 18.21%
• 1Y: 33.40%
• 3Y*: 19.86%
• 5Y*: 8.87%
• 10Y*: —

VEXC

• 1D: -1.20%
• 1M: 4.95%
• YTD: 20.21%
• 6M: 23.59%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

VTISX vs. VEXC - Yearly Performance Comparison

	2026 (YTD)	2025
VTISX Vanguard Total International Stock Index Fund Institutional Select Shares	15.42%	3.68%
VEXC Vanguard Emerging Markets Ex-China ETF	20.21%	4.80%

Correlation

The correlation between VTISX and VEXC is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 3, 2025	0.88

Return for Risk

VTISX vs. VEXC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VTISX

VTISX Risk / Return Rank: 59
VTISX Sharpe Ratio Rank: 62
VTISX Sortino Ratio Rank: 56
VTISX Omega Ratio Rank: 60
VTISX Calmar Ratio Rank: 58
VTISX Martin Ratio Rank: 58

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VTISX vs. VEXC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Total International Stock Index Fund Institutional Select Shares (VTISX) and Vanguard Emerging Markets Ex-China ETF (VEXC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	VTISX	VEXC	Difference
Sharpe ratio Return per unit of total volatility	2.32	—	—
Sortino ratio Return per unit of downside risk	3.15	—	—
Omega ratio Gain probability vs. loss probability	1.43	—	—
Calmar ratio Return relative to maximum drawdown	2.92	—	—
Martin ratio Return relative to average drawdown	11.53	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	VTISX	VEXC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.32	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	2.21	-1.57

Drawdowns

VTISX vs. VEXC - Drawdown Comparison

The maximum VTISX drawdown since its inception was -35.74%, which is greater than VEXC's maximum drawdown of -12.42%. Use the drawdown chart below to compare losses from any high point for VTISX and VEXC.

Drawdown Indicators

	VTISX	VEXC	Difference
Max Drawdown Largest peak-to-trough decline	-35.74%	-12.42%	-23.32%
Max Drawdown (1Y) Largest decline over 1 year	-11.29%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-13.14%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-29.51%	—	—
Current Drawdown Current decline from peak	0.00%	-1.20%	+1.20%
Average Drawdown Average peak-to-trough decline	-7.38%	-2.23%	-5.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.85%	—	—

Volatility

Volatility by Period

	VTISX	VEXC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.79%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.89%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.21%	18.89%	-4.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.03%	18.89%	-3.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.92%	18.89%	-2.97%

VTISX vs. VEXC - Expense Ratio Comparison

VTISX has a 0.04% expense ratio, which is lower than VEXC's 0.07% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VTISX vs. VEXC - Dividend Comparison

VTISX's dividend yield for the trailing twelve months is around 2.64%, more than VEXC's 0.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
VEXC Vanguard Emerging Markets Ex-China ETF	0.74%	0.43%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VTISX Vanguard Total International Stock Index Fund Institutional Select Shares	2.64%	3.19%	3.39%	3.28%	3.11%	3.12%	2.16%	3.07%	3.23%	2.80%

Frequently Asked Questions

Can I hold both VTISX and VEXC in my portfolio?

VTISX and VEXC have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.